UK Budget receives Super Group endorsement amid heavy opposition
CEO Neal Menashe described the RGD increases as 'reasonable taxation of online gaming' and expects the government to provide 'strict enforcement' of non-paying offshore operators.
CEO Neal Menashe described the RGD increases as 'reasonable taxation of online gaming' and expects the government to provide 'strict enforcement' of non-paying offshore operators.
Flutter explained the UK Autumn Budget Statement will result in an approximate $320m adjusted EBITDA impact throughout FY2026, as well as a $540m impact for FY2027.
The operator anticipates an additional cost of approximately £200m each year following the new Budget's introduction, while Evoke estimated £125-135m in annual duty costs.
The operator stated increases in tax payments are proportionately offset by a £6m benefit 'arising from the abolition of bingo duty' as part of the UK Autumn Budget 2025 statement.
CEO Grainne Hurst has welcomed the land-based and bingo approach while highlighting the online tax rise as "devastating."
Senator Eduardo Braga plans to raise the betting tax gradually, reaching 18% by 2028.
The operator formed a multi-year partnership with the Kansas City Royals MLB franchise to gain market access in Missouri but was still under review for a sports betting license from the MGC.
Horseracing did not see an increase in betting duty, despite other sectors seeing taxes almost double. But will the knock-on effects from operators end up hurting horseracing anyway?
Two municipalities in Brazil are defying sector limits as they plan to expand their operations.
The football player highlighted that gambling should be seen as entertainment and not an investment in a new campaign with Blaze.